1 / 1

Penalty For Non-Maintenance Of Registered Office - Affluence Advisory

Every Company should maintain its registered office pursuant to Section 12 of the Companies Act, 2013.

Connect5
Download Presentation

Penalty For Non-Maintenance Of Registered Office - Affluence Advisory

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Affluence Advisory Pvt. Ltd. Penalty For Non-Maintenance Of Registered Office Every Company should maintain its registered office pursuant to Section 12 of the Companies Act, 2013. MCA has notified the Companies (Incorporation) Third Amendment Rules, 2022. A new rule 25B has been inserted prescribing the manner of physical verification of the registered office of the company. Under this new rule, the physical verification of the Co’s registered office shall be conducted by ROC in the presence of two independent witnesses of the locality where Co.’s registered office is situated. Further, if required, ROC can also seek the assistance of the local Police for such verification. Section 12(8) If any default is made in complying with the requirements of this section, the company and every officer who is in default shall be liable to a penalty of one thousand rupees for every day during which the default continues but not exceeding one lakh rupees. Section 12 (9) If the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, he may cause a physical verification of the registered office of the company in such manner as may be prescribed and if any default is found to be made in complying with the requirements of sub-section (1), he may without prejudice to the provisions of sub-section (8), initiate action for the removal of the name of the company from the register of companies under Chapter XVIII Disclaimer: This article has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. This article cannot be relied upon to cover the specific situation and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact Affluence Advisory Private Limited to discuss these matters in the context of your circumstances. Affluence Advisory Private Limited, Its Partners, Directors, Employees, and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this article or for any decision based on it. CS Sachin Kotian | Affluence Advisory Pvt. Ltd. | W: www.affluence.net.in | Email- connect@affluence.net.in

More Related